Insider Trading

Insider Trading

October 9, 2006

Insider Trading is a weekly report of stock transactions involving officers, directors and owners of 10 percent or more of a publicly held company.

Corporate insiders historically make more economically sound decisions in trading their own company's stock than do other investors. Selling by insiders is not necessarily negative, however, because they may sell stock for tax reasons, estate planning or cash needs.

Here are the most recent transactions reported to the U.S. Securities and Exchange Commission and the New York and American stock exchanges by companies with interests in Central Florida:

BANK OF AMERICA CORP.

Amy Woods Brinkley, officer, exercised an option for 66,667 common shares at $39.97 each on Oct. 2. She sold 66,667 shares ranging in price from $53.34 to $53.64 each on Oct. 2, and now holds 71,535 shares.

Barbara J. Desoer, officer, exercised an option for 101,392 common shares at $47.72 each on Oct. 2. She sold 101,392 shares ranging in price from $53.34 to $53.64 each on Oct. 2, and now holds 90,210 shares.

BEST BUY CO. INC.

John C. Walden, officer, exercised an option for 30,000 common shares at $29.86 each on Oct. 4. He sold 30,000 shares at $56.38 each on Oct. 4 and now holds 52,875 shares. On Sept. 26, Walden exercised an option for 22,500 shares at $19.11 each. He then sold 22,500 shares at $55.35 each on Sept. 26.

DARDEN RESTAURANTS INC.

Barry B. Moullet, officer, exercised an option for 48,000 common shares at $17.09 each on Sept. 28. He sold 48,000 shares at $42.93 each on Sept. 28, and now holds 52,307 shares.

Richard J. Walsh, officer, sold 1,300 common shares at $43.07 each on Sept. 26, and now holds 63,497 shares.

FEDEX CORP.

David J. Bronczek, officer, sold 27,280 common shares ranging in price from $110 to $110.07 each on Sept. 27, and now holds 83,609 shares.

Douglas G. Duncan, officer, sold 10,000 common shares ranging in price from $109.50 to $110 each on Oct. 3, and now holds 35,457 shares.

Daniel J. Sullivan, officer, exercised an option for 1,859 common shares at $53.77 each on Sept. 29.

ORACLE CORP.

Safra A. Catz, president, exercised an option for 200,000 common shares at $6.88 each on Oct. 2. Catz sold 200,000 shares ranging in price from $17.78 to $17.95 each on Oct. 2, and now holds 6,224 shares.

Daniel Cooperman, general counsel, exercised an option for 100,000 common shares at $4.44 each on Sept. 26. He sold 100,000 shares ranging in price from $18 to $18.03 each on Sept. 26, and now holds 10,817 shares.

Jack F. Kemp, director, exercised an option for 112,500 common shares at $4.68 each on Sept. 27. He sold 112,500 shares ranging in price from $17.93 to $18.10 each on Sept. 27, and now holds 5,000 shares.

Derek Harold Williams, officer, exercised an option for 1,650,000 common shares ranging in price from $8.68 to $12.60 each on Oct. 3. He sold 1,649,999 shares ranging in price from $17.65 to $17.66 each on Oct. 3, and now holds 40,796 shares.

PROGRESS ENERGY INC.

William D. Johnson, president, sold 2,768 common shares at $45.89 each on Oct. 2, and now holds 102,304 shares.

Robert B. McGehee, chief executive officer, sold 2,768 common shares at $45.89 each on Oct. 2 and now holds 190,853 shares.

SAKS INC.

Stanton J. Bluestone, director, exercised an option for 50,000 common shares at $12.98 each on Oct. 3. He sold 50,000 common shares at $17.50 each on Oct. 3, and now holds 12,910 shares.

SYMANTEC CORP.

Arthur F. Courville, general counsel, exercised an option for 25,000 common shares ranging in price from $4.32 to $8.21 each on Sept. 27. He sold 25,000 shares ranging in price from $20.76 to $20.91 each on Sept. 27, and now holds 124,751 shares.

Kristof Hagerman, officer, exercised an option for 40,000 common shares at $14.46 each on Oct. 3. He sold 40,000 shares ranging in price from $20.44 to $20.72 each on Oct. 3, and now holds 101,219 shares.